International Monetary Fund (IMF) announces the adresses given by Agustin Carstens, Deputy Managing Director:
The International Monetary and Financial Committee met in Washington under the chairmanship of Gordon Brown, Chancellor of the Exchequer of the United Kingdom, who has asked me to convey to you the outcome of our deliberations.
The global economy continues its strong expansion. The expansion is becoming geographically more broadly based, and global growth is expected to remain strong over the near term. Meanwhile, inflation and inflationary expectations remain well contained.
Nonetheless, we cannot be complacent, as there are downside risks, including those related to continued high and volatile oil prices, an abrupt tightening of global financial conditions, a rise in protectionism, and a possible avian flu pandemic.
Furthermore, the risks posed by the global imbalances, which have continued to widen, require vigilance on the part of policymakers.
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International Monetary Fund
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